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Search Results 0 to 16 of about 17 (some duplicates have been removed)
's time for business news. jamie has joined me. i know you're watching very closely this marathon e.u. summit, which is all about setting out the budget for the e.u.'s future. aum i think we sometimes tend to see this as being not an open figures, but i think this one is very important because of the possibility they might cut the budget for the first time in their history. in many ways, it's the end of an era, the end of an idea of a limitless expansion of the european union. the events being long and torturous. e.u. leaders have been going through the night as to try to agree as the next seven years, and it looks like a cut could be on the cards. this would be the first time, as i say, in its history. sums of money being proposed according to reports. leaders are closing in on agreement to set spending at around 9 0 billion euros, just short of that figure. some 275 euros a year for every living taxpayer in the european union. a massive 370 billion euros, about 40% of this entire budget, earmarked for subsidies to farmers and a fisherman. that pits them against the nations in south
. we have the composite eu gdp number, down 0.6% quarter on quarter. that's what we're looking for and this comes after a weaker than expected german number today, as well. to the extent we talked, italy contracted 0.9%, worse than expected. and revisions to france suggested that they already had a recession in the first and second quarter of 2012, as well. ur low/dollar, just hitting the lows of the session at 133.40. kelly. >> ross, let's slip through the u.s. markets. we are looking for the dow to shed about 20 points from the open. the nasdaq, dow and s&p headed lower. yesterday, we did see a lot of the european indexes hitting intraday highs. china, taiwan, vietnam still closed to celebrate the lunar new year. the nikkei has been the big mover overnight. the ftse 100 after hit ago five-year high yesterday, weaker towards the close today. gig up about a rt yeaher of 1%. interestingly, we're seeing weaker sterling and higher bond yields in the uk. not necessarily the best sign of internal dynamics for britain. germany gdp figures are down. the cac 40 down only about 0.1% tod
a speech. i'd love to know what they're going to say bearing in mind that they're not exactly pro eu parliament. so that will be fascinating, won't it? let's face it, anti-austerity was the theme of this. bearing in mind, we've got 50% of voters coming around to say grillo or berlusconi, we don't want aus tearpy. anyway, the bill fall guy in this election was the prime minister, the technocrat who ran, marto monte. let's hear what he's been saying in the aftermath of these electoral disaster. >> translator: it's still too early to consider any solution, nor does it rest upon me to find one. but right now, i consider it is essential that there's maximum transparency between the political forces because we're all faced with a very serious responsibility. the government must ensure responsibility for the entire country. >> okay. so more analysis. alana fred reeko joins us now. you've had a big meeting today already, loradonna. you shook my hand. lovely. thank you. no one else did today. what did you guys decide is the way forward? >> following the outcome of the italian election, the si
partnership on trade. she'd he wanted to open a new negotiation, a transatlantic partnership with the e.u. is it your feeling that people are going to look at that and say, okay, at least there's a little part of the business agenda he's pursuing by trying to get down trade barriers? >> one of the criticisms is there had been no new free trade initiatives in his first administration. you know, they acted on some that were previously proposed. yeah, obviously that would be something that -- that businesses would -- certainly want to sell to the world, this for sure. that -- >> larry kudlow was on with us last night and said we don't need a new agreement with the e.u. we've already got agreements with most of the countries involved. so we'll see how much value the marketplace puts on that. >> okay. all right. john harwood. becky's got the next story coming up. just -- a classic. it's -- you know, i got to talk to but this. i really -- let's lets beck dee it. do you have a new view on cayman islands? i know bachus says that mr. lew paid his taxes that he was supposed to pay. this was fully w
north korea about its nuclear weapon program. he said there will be talks with the e.u. about reaching a transatlantic trade agreement. and marco rubio gave the republican response and criticized obama's programs and proposals as more unnecessary deficit spending. joining us for more, head of european g-10 fx bank of america merrill lynch. welcome. >> good morning. >> want to start talking about europe, about cypress where he got back from. first the u.s. dollar, what's happening with the potential fiscal talks. how concerned are you, what does it moon for trading the currency? >> the u.s. dollar has weakened so far this year because of the overall market risk move that we have seen. positive of surprises in the u.s. at the global level. and looking forward, we were bullish on the u.s. dollar because we see a market correction as the u.s. tightens fiscal policy substantially this year. >> how severe of a correction might that -- >> we believe for the rest of the year the euro/dollar will be closer to 1.30 or below, 1.35. >> really? >> also last week we believe in the way there's a ceil
an eye on the meeting of finance minsters from the 17 eu countrys that use the euro. taking a live look at the big board, the dow is down 30. the nasdaq is down 6. s&p down 2. >>> apple could soon come out with something new. the new york times says apple is testing a new device that's worn like a watch. the paper says the device is made of glass and runs on a mobile operating system. analysts say apple products already have fashion appeal so the idea of wearing an apple product is not much of a stretch. >>> australian lawmakers want to know why their citizens must pay so much for iphones, ipads. an iphone that sells for $500 in the u.s. costs $540 there despite the australian dollar being worth than the u.s. dollar. >>> 7:45. well, an investigation by san francisco city attorneys into how some city employees used city computers should wrap up soon. the p.u.c. is working with the district attorney to investigate that several work employees used the computers to download pornography and gamble online. the inappropriate use of looking at explicitly sexual materials and gambling online can
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu works with the 17 people and the 17 countries in th
. in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a two-week winning streak for stocks. >> a blowout quarter, users increase continued in momentum. >> the storm could be one for the record books. forecast calling for as much as 2 1/2 feet of snow in some parts of the northeast. already more than 3,700 flights have been canceled. we'll get more from the weather channel on the path of nemo. >>> mcdonald's down 1.9 in january. middle east and africa, europe saw a 1%, 2% decline. u.s. the only bright spot. comps up 9%. even some suggestion that asia, which is 40% japan, but also china, got tainted with the chicken contamination scare. >> that wouldn't surprise me
either by europe at large, the e.u. or china somehow swallowing up every bit of innovation that exists in the world. they're no longer, i think, worried about our economy being overwhelmed beyond our shores. >>brian: we're not worried about china hacking and taking our intellectual property. >> with respect, i think the vice president is flatout wrong. it does affect us economically what happens over there. chaos in europe, mass recession in europe, the fallout, maybe the collapse of the euro currency, that does affect us economically but also politically. can president obama now go on a road show as he will today and push for higher taxes which is what got italians into trouble? can he push for maximum infliction of pain on america? can he do that in light of what just happened with the voters in europe? i suspect there are economic and political fallout in america from what happened yesterday in italy. >>brian: if he could do that by not connecting the dot, a responsible leader would connect the dots and talk about how they're related. i'm not an expert on italian politics, but when
range hope that the u.s.-eu freed trade agreement which was mentioned by president obama's in tuesday night's state of the union address might help job wise on both sides. remember, $650 billion a year in trade on both sides of the atlantic, a two-way trade deals. again that is a couple years down the road. bill: greg, thanks. hang in there. it's been a long road. greg palkot out of london today. martha: this story is shocking the country today. in 2012 he made history when he competed in the olympic days. today he has been charged in a murder. new details in the stunning says of this track champion accused of killing his girlfriend. bill: why would a first grade teacher be suspended after playing hide and seek with his students? that ace good question. is a good question. >> there are things that you can and can't do. reall really you can't do security off the cuff. have you to train and prepare for it. i'm tasting both the yogurt and the honey at the same time. i'm like digging this yogurt thing. i feel healthy. new honey bunches of oats greek. but take comfort. it may not be you; i
responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed in new jersey. and the view among analysts is that other states, potentially federal legislation could follow suit. this is a small step in the direction of perhaps allowing more and more of the u.s. market to gamble online, like you can already with this one. up 19%. watch shares generally speaking in the gaming session today because you can expect there will probably be some similar moves. just the final word, we saw the yen strengthening avenue the yen appeared to talk down some of its easing moves. the yen was still 1% stronger. the nikkei ended the day 12-day winning streak with one of its longest. back over to you. >> thank you,
. >> steve: there is a scandal that is rocking europe. folks in the e.u., european union, thought they were eating beef burgers and beef lasagna, only to learn it was horse meat. so should americans be worried that that can happen here? let's talk to fox news legal analyst and a lover of beef, peter johnson, jr. >> i am. short answer is no, i don't believe that there should be any fear in america with regard to horse meat entering our system as beef. but in europe, it's a significant issue and just this morning, it's been determine that a drug called bute, used to treat inflammation and even arthritis in horses was found in meat that was considered to be beef. two issues, drug contamination from horse meat, second issue, big cultural taboo. here in the united states and great britain, we do not, we are not, we don't want to eat horse, especially if it's called beef. so when we order a hamburger, we anticipate that the hamburger is beef. 100% beef. burger king over in great britain said listen, there is no problem here in the united states. and we've stopped our distributor over there where
. >> you're invited over here. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more uncertainty now. from a political point of view, there's -- >> because of the referendum? right. the prime minister made the right decision. the uk sort of right wing party, it liked the tea party, i guess, in some respects has gained 16% of the vote according to the polls. take more from the trres or from labor. so i think the prime minister was concerned about that. having a referendum laid it out. we did some polling, online polling after the speech. they thought the referendum was right. content of the speech was good, they would vote for the coming out of. there's a lot of work to be done until we get to the refere
some of the things necessary to live up to their commitment to the eu. does this throw a wrench into the works? >> i think we should be thinking about it. the somewhat untold story is that -- >> you heard of this guy before this? >> absolutely. >> was he funny. >> he's funny. it would be a little bit like -- >> jackie mason? >> no -- >> seinfeld. >> robin williams or somebody. he was big in the '80s this guy. he also has been a big part of the political satire, all the rest of it. very, very bright guy. but you know, it's almost an a listic party. it's july real just truly a protest vote. to my knowledge it's gotten over 25% of the vote, the latest thing i've seen. monti is the best of the best. i honestly believe that is one of the, you know, on democracies it's easier to give stuff away. >> two years ago he had just started and i asked why are these pictures of monti in a beach chair. and they all said send monti to the beach. that was two years ago. >> yeah, he's only been in there a group -- grillo is moving. five-star movement is only three years old. it's a very organized,
Search Results 0 to 16 of about 17 (some duplicates have been removed)